Initial Price action of US Grains showing price moves higher across the Board as Wheat takes leadership and China buying Beans on the dip this week.
Canola not really participating yet, likely because it was a Bearish report for Beans and High End Wheat. Canola is right at a very important Medium Term support line and should hopefully make a bounce here off this report. Otherwise it may take until spring to correct the chart damage done.
We should bounce here and will play the Fibonacci game for anyone who is behind on sales.